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What is the difference between ED and EA?

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What is the difference between ED and EA?

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A. An ED (Early Decision) applicant is allowed to apply to only one ED school, and if the word is “yes” the applicant cannot matriculate elsewhere. Colleges like this because they get a certain portion of the class committed early, reduce their workload for the regular round, and in some cases get earlier cash flow. Early Action (EA) is not a binding commitment; it only allows students to hear early.

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